Gary Siegel is a journalist with more than 35 years of experience. He started his professional career at the Long Island Journal newspapers based in Long Beach, N.Y., working his way up from reporter to Assistant Managing Editor. Siegel also worked for Prentice-Hall in Paramus, N.J., covering human resources issues. Siegel has been at The Bond Buyer since 1989, currently covering economic indicators and the Federal Reserve system.
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NEW YORK – “Manufacturing activity in the central Atlantic region expanded for the seventh straight month but was virtually flat on balance this month,” according to the monthly business activity survey conducted by the Federal Reserve Bank of Richmond. “Looking at the main components of activity, growth in shipments and new orders tapered off, while employment returned to negative territory after being positive for the last two months. Other indicators were generally in line with a month ago. Capacity utilization continued to grow more slowly, while backlogs edged slightly lower than a month ago. Vendor delivery times were virtually unchanged, while manufacturers reported slower growth in inventories.”
By Gary SiegelNovember 24 -
Price instability, both inflation and deflation, is a “significant source of financial instability,” Federal Reserve Bank of Philadelphia president Charles Plosser told an audience yesterday.
By Gary SiegelNovember 19 -
The region’s manufacturing sector picked up, as the general business conditions index increased to 16.7 in November from 11.5 in October, this month’s Federal Reserve Bank of Philadelphia Report on Business indicates.
By Gary SiegelNovember 19 -
The composite index of leading economic indicators gained 0.3% in October, its seventh straight gain, the Conference Board reported yesterday.
By Gary SiegelNovember 19 -
NEW YORK - The Treasury Department said it will auction $32 billion seven-year notes on Wednesday, Nov. 25.
By Gary SiegelNovember 19 -
NEW YORK - The Treasury Department said it will auction $44 billion five-year notes on Tuesday, Nov. 24 and $42 billion two-year notes on Monday, Nov. 23.
By Gary SiegelNovember 19 -
NEW YORK – The commercial leading indicator for brokerage activity rose 0.9% to 102.4 in the third quarter from 101.5 in the second quarter, but remains down 11.1% from the 115.3 posted in the third quarter of last year, the National Association of Realtors said today.
By Gary SiegelNovember 19 -
NEW YORK – The region's manufacturing sector picked up, as the general business conditions index increased to 16.7 in November from 11.5 in October, this month’s Federal Reserve Bank of Philadelphia Report on Business indicates.
By Gary SiegelNovember 19 -
NEW YORK - The composite index of Leading Economic Indicators gained 0.3% in October, its seventh straight gain, the Conference Board reported today.
By Gary SiegelNovember 19 -
NEW YORK – Price instability, both inflation and deflation, is a “significant source of financial instability,” Federal Reserve Bank of Philadelphia President and CEO Charles I. Plosser told an audience today.
By Gary SiegelNovember 19 -
Interest rates may not be raised until 2012, Federal Reserve Bank of St. Louis president James Bullard told business leaders yesterday.
By Gary SiegelNovember 18 -
NEW YORK – Interest rates may not be raised until 2012, Federal Reserve Bank of St. Louis President James Bullard told area business leaders today.
By Gary SiegelNovember 18 -
Builders’ confidence in the market for new single-family homes was steady in November, as the National Association of Home Builders’ housing market index held at 17 after October’s number was revised to 17 from 18, the group announced yesterday.
By Gary SiegelNovember 17 -
The economy has improved, but much work remains, Federal Reserve Bank of Cleveland president and chief executive officer Sandra Pianalto said yesterday.
By Gary SiegelNovember 17 -
The time to tighten monetary policy is when “economic growth is strong enough and well-enough established, even if it is not yet especially vigorous,” Federal Reserve Bank of Richmond president Jeffrey Lacker said yesterday in remarks before the Virginia House Appropriations Committee.
By Gary SiegelNovember 17 -
The fiscal crisis shows that the economy’s health is tied to the financial system, Federal Reserve Bank of San Francisco president Janet Yellen said yesterday.
By Gary SiegelNovember 17 -
NEW YORK - Builders’ confidence in the market for new single-family homes was steady in November, as the National Association of Home Builders' housing market index - a monthly gauge of builder sentiment – held at 17, after October’s number was revised to 17 from 18, the group announced this afternoon.
By Gary SiegelNovember 17 -
NEW YORK – The economy has improved, but much work remains, especially in housing, Federal Reserve Bank of Cleveland President and CEO Sandra Pianalto said today.
By Gary SiegelNovember 17 -
NEW YORK - The Treasury Department today auctioned $27 billion of one-year bills at a 0.315% high yield, a price of 99.681500.
By Gary SiegelNovember 17 -
NEW YORK - The Treasury Department today auctioned $32 billion of four-week bills at a 0.050% high yield, a price of 99.996111.
By Gary SiegelNovember 17